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February 15, 2018

Dear Shareholders,

The past week has seen a lot of progress in closing the funding agreements that the company had previously entered into. Our funding partners have indicated that we should complete our transactions before the end of the month. This will not only allow us to move forward with the completion of all outstanding settlement agreements but provide the resources necessary to complete our 2018 plans for growth and expansion. The top priority of management upon closing of funding is to quickly complete the outstanding issues with Longside, K2, and 3DCH. Once these past issues have been cleaned up, the next priority will be the expansion of the UltraFlix library and expansion of the 4K Studios facilities.

The Ultra Media Group division has had success with the licensing of original
content that will soon appear on new linear TV channels. This is the first in several distribution deals that will allow the leverage of original content expanding distribution and exposure in the broadcast market. The UMG team is also working on developing new 4K Studios / UltraFlix branded channels to appear on Satellite and Cable networks.

We look forward to your continued feedback and welcome any questions or
comments.

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